In a period of declining prices, which of the following inventory methods generally results in the lowest balance sheet figure for inventory?

It's advisable to always take the biggest loan that a lender will give you

Indicate whether this statement is true or false.

Alexander Hamilton agreed with a contemporary of his, namely Adam Smith, when he (A.H.) said,

"This, under the quick-sighted guidance of private interest, will, if left to itself, infallibly find its own way to the most profitable employment; and it is by such employment that the public prosperity will be most effectually promoted." a. True b. False